Refer to the above table. The price of a hamburger is $2, the price of a movie is $5, and the consumer's income is $29. What is the marginal utility per last dollar spent on movies equal to if the consumer is at an optimum?
A. 20
B. 10
C. 50
D. 40
Answer: B
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A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
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A) increase; decrease B) decrease; increase C) increase; increase D) decrease; decrease
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a. True b. False Indicate whether the statement is true or false
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A) natural resources. B) specialization. C) technology. D) comparative advantage.